Missing tech CEO tracked to Grand Cayman

| 11/09/2011

(Daily Mail): One of the world’s most-wanted tax exiles, who allegedly totalled unpaid tax bills of more than $100million over 20 years, William H. Millard, 79, has been tracked by US investigators to the Cayman Islands. The founder of retail chain ComputerLand was last seen by tax authorities on the remote Pacific island of Saipan in 1990. But despite vanishing soon after selling his firm, he has now been tracked down to Grand Cayman, court papers said. Millard is linked to a vast network of more than 50 shell companies, trusts and bank accounts, reported the Wall Street Journal.

"This is one of the most sophisticated and complicated cases of offshore asset structuring that we have ever seen," Michael Kim, prosecuting, said.

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  1. Anonymous says:

    Read article clearly: its not IRS its Saipan Govnt — but if US wanted him so bad, he was in Orlando a few months ago.

    He is a Resident. has been for years. And to answer your question on Cayman bank's KYC: he is not on any US watchlist so his name runs clean. No one, including US, has any reason to decline his business – which is pretty amazing if you ask me…

  2. Anonymous says:

    Yes, it wasn't clear that the last twenty years revenue was generated in the USA. If you live in the USA and make earnings in the USA you must pay taxes. Leaving the country after you owe taxes is tax evasion. There is of course a difference between tax evasion and tax avoidance. However, I do believe that US Citizens should not be taxed if the live outside the USA. No other country to my knowledge taxes it citizens who live abroad.

  3. Anonymous says:

    Question: How can Millard be hiding or missing if he was described only last year "as a long-time Cayman resident" in an article in the Caymanian Compass?

    These guys from Saipan look like the geniuses in our government, paying big bucks to lawyers and investigators who can't even do a Google search.

  4. Anonymous says:

    Hi, I'm just asking the most obvious question that immediately popped into my head: Do we care if this gentleman is here? No. I don't. If I saw him in the street I would smile politely like I do to everyone else. Do we care if the US wants money from him? No. I for one think it's the US is on the extreme with their taxation and perhaps I am a little bias but they expect people to file tax and pay despite never living there or travelling with a US passport, never reaping the benefit of any of their social or educational programs, or heavily benefitted from their infrastructure. Even once citizenship is renounced, they still expect to to back file from previous years.

    I don't care if this man didn't pay them what they demanded. He's a part of our community and he supports our local economy. This is just another laughable story.

    • Anonymous says:

      Yes, indeed, welcome to the island of wealthy deadbeats. That's exactly the image that Cayman needs now.

    • Anonymous says:

      just another role model for the youth

  5. Anon says:

    Welcome home Mr. Millard!!

  6. Anonymous says:

    I have a few ideas for him to invest in:

    1. Our Tech City.   

    2. a research centre

    Anybody else have ideas add them in. 🙂

    Since everybody else signing MOU's why not him?

  7. Anonymous says:

    Hiding?? He travelled to Florida under in Christmas to visit his daughter. Screw the IRS , It NOT law that American citizens must pay taxes. Further more he gave up his US citizenship and got a passport from Ireland I believe. Leave the man alone!  

    • nys_best2003 says:

      You can't give up your Citizenship after the tax is owed.  First you pay the taxes, then you give up your citizenship. 

    • Anonymous says:

      why do you care?

  8. Anonymous says:

    Well, it shouldn't be hard for CIMA to find out if he is the beneficiary on any accounts here… I mean, if he is here how is he living, surviving? Is he begging on the streets? Or is he being well fed and taken care of by his Trustees?

  9. Anonymous says:

    Caymanians touting thou shall pay taxes are a bunch of hypocrites. Offshore banking accounted for 1/2 this islands revenue. All the service related business, builders, retail business feed off of that. Since we are in the business of stabbin' tourists in more ways than one it may be all you have. Next time you are sitting in your SUV think about that. Cayman sure is pushing for the good ole' days. Expect there isn't nearly as much fish anymore and you'll be left with a bunch of hungry out of labor only mouths to feed. I'll check with you then and see if you are feeling bitter becuase the new iron bars you ordered don't quit fit your front windows.

    • Like It Is says:

      I always love the "thumbs down" when someone points out the painful truth of the parasitic nature of Cayman.

  10. Dred says:

    Let's get this guy out of our country before our politicians corrupt him. Sorry couldn't resist.

  11. Anonymous says:

    Is there a reward for turning him in?

  12. Anonymous says:

    Has anybody read the BIO on this man and how much good he has contributed and his research into degenerative illnesses, more good in his pinky than a whole lot of degenerate vultures trying to scam some of his money. The US system doesent reward innovators like this anymore…will be its undoing unless they pass some laws to  reward inventors and innovators, and stop demonizing people for implementing a good idea.

    • Strangers in The Night says:

      What is the difference between someone who denounces his American citizenship so as not to pay taxes and this man?

      None, and we have both in Cayman, 1 living as a Caymanian and 1 hiding here, what a joke this place is!

      • Anonymous says:

        one a future premier!!!!

      • Anonymous says:

        One "renounces" citizenship.

        Obviously a big difference if renoucning citizenship means that you are legitimately not required to pay taxes.

  13. Anon says:

    In Cayman?

    What! And we have not yet signed an MOU with him?

    There is big potential here to enroll him as one our financial saviours!

  14. Yo Mamma says:

    We hide money that is "avoiding" taxation, why not hide people who are "avoiding" taxation, too?

    This could be a new source of income for our country.



    • Anonymous says:

      He looks like a good candidate for that $1 million citizenship that Big Mac pushed through the LA but nobody has yet taken up.

    • Anonymous says:

      You may not appreciate the distinction between tax evasion and tax avoidance but it is very important; one is illegal while the other is lawful and legitimate. If one owes a tax bill and has left the jurisdiction and not paid it that is tax evasion.
      Particularly in view of our network of tax information exchange agreements we are obviously not in the business of “hiding” money for tax evaders.

  15. Anonymous says:

     A lot of you have a lot to say about paying taxes but have never paid income tax and corporate tax ever in your life. A lot of you have never worked 18 hour days for years either. Ths USA gives money to Pakistan, Egypt etc etc and the average Muslim doesn't want the USA's money. This only sratches the surface of the misappropriated tax money, welfare, corporate bailouts etc Now let's say to any of you Caymanians…go work in another country. While you pay tax in that country whether it be high cost of living or income tax lets say you are also obligated to pay 30% to 40% Income Tax to the Cayman Islands as well. Let's say the Cayman Islands starts sending your money to Jamaica, Haiti, Honduras or any other country that needs (wants) it. Let's say they also use it bail out the local banks and local bussiness becuase they didn't vet their loan applicants…Let's say the "investment" bankers lost your entire life savings becuase SEC was sleeping at the wheel…..You wouldn't have much to say would you. You HAD a beautifal contry, no income taxes , low crime rate, good business built on offshore banking and now you don't. The developers, criminal and politicians have won. Wait until the fat government becomes unsustainable becuase no more offshore industry, no more land, no more tourists and it has eaten itself. Then they must impose property tax and income tax. You'll be complaining on the CNS "Income Tax Implemented" discussion board won't you?

  16. AnonymousSick and Tired of the B...S... says:

    If Mr. Millard is indeed in Cayman and, more importantly, so are some of the reportedly 50 various entities in which he has purportedly hidden his assets – what Due Diligence and Know Your Customer procedures were applied when he established his relationship with a local Financial Services Provider.

  17. My2cents says:

    Excuse me if I am utterly skeptical…it seems like every bad guy under the sun amazingly ends up being linked to Cayman. We must be knee-deep in evil geniuses by now 

  18. Anonymous says:

    Is he here? Turn him in and get rid of the embarrasment.

    • Anony Mous says:

      If you turn him in, then you will have to turn in all the rest of the and for sure the airport does not enough room for the number of aircrafts that would be needed, plus what would happen to the value real estate left here when they are gone.

  19. Anonymous says:

    You should have picked up the Wall St Journal aritcle instead. It has a picture of his house.

  20. Hide & Seek says:

    Darn crook, but he nuh yaw neida..

  21. Anonymous says:

    You da man!! I wish i could have met you.

  22. Anonymous says:

    Don't all the crooks, frauds, criminals and incompetents of the world find not only a refuge but great opportunity here in Cayman including many doctors, dentists, lawyers, etc.????  Seems to have been the norm here for years so its no surprise that some previously unheard of persons are now surfacing.


  23. Yankee Doodle says:

    What do we gain harboring people like this who wrongfully keep millions that could be used to help the poor, ill and needy?

  24. Anonymous says:

    Immigration. You asleep again?

  25. Anonymous says:


    "But then the commonwealth hired New York law firm Kobre & Kim and a private investigator tracked Mr Millard's daughter’s home to Orlando, Florida, in December.

    The investigator soon spotted Mr Millard talking a walk outside and they tracked him to the Grand Cayman Island, lawyers said."

    Read more: http://www.dailymail.co.uk/news/article-2036072/Missing-tech-CEO-William-Millard-20-years-100m-unpaid-tax-bills.html#ixzz1XfFQN3KS

    How does someone walk from Orlando to Grand Cayman?  That has to be one of the worst articles ever written.And it really irks me when those International journalist can't say the right name:  it's called Grand Cayman not Grand Cayman Island.  I guess it's better than Grand Cayman Islands like it is the only island in the Cayman Islands.

    • Anonymous says:

      Grand Cayman Island

      The Grand Caymans

      The Caymans

      It's like fingernails on a chalkboard

    • Anonymous says:

      12,05, …and how does a private investigator 'track a home', unless perhaps it was a mobile home? The level of English used by professional writers who should know better, is often  pretty dismal. It's as if they don't care, and assume their readers don't care either, which perhaps they don't, sadly.

    • Hear Hear! says:

      Amen, the article should have been, "Orlando Lets Tax Cheat Slip Out of Grip"…..  I think this is not news.  

      Another, "Look, there's a red herring"  While Obama spends every dime on socialistic workers plans, but likes to blame those one or two really bad men who were once billionaires- but now are bums.  Yeah, yeah, yeah,  let's take another swipe at those greedy capitalists, if THEY paid their bills, we would not be broke.  Sorry, I can't get behind this one.  A non-news story to make offshore look bad again.  Yes, there ARE bad apples in every bunch, but let's call a spade a spade " Enron, General Motors buyout, Deleware"  We're no saints….go bark up another tree.